kusum's Blog

As a creative real estate investor, it is essential that you expend only the money necessary to invest in real estate property, and that means finding good deals and working with individuals who will agree to your terms. Finding motivated sellers is crucial to your success in this matter, since a motivated seller will be less demanding and more likely to conform to your less than traditional methods of purchasing the home. How can you identify a motivated seller from the average individual looking to sell a home?

First of all, avoid any homes that are being sold through a real estate agency. Individuals who are paying a real estate agency commission to sell their home and are demanding a certain price through the agent are not motivated sellers. Rather, look for homes that are for sale by owner. Many of these individuals have either already tried selling through an agent and failed or cannot afford the fees involved in hiring one and need to sell quickly for the best possible price. They will be more likely to work with you on the terms you put forth.

Do not look for houses in bad markets or old houses; chances are, these sellers want to move out of a less than savory neighborhood or have damage to the home that would require costly repairs, these are not the type of investment homes that you want. The reasons behind a sale by a motivated seller vary, but most have to get out from under a mortgage on a newer home in a nice neighborhood and have little or no equity in their home with which to work.

The best way to determine if you have a motivated seller is simply to ask. When you go to view a home that is for sale by owner, have them give you a tour of the house and ask the simple but pleasant question, "Why are you selling such a lovely house?" The response will tell you whether or not the person is a motivated seller. Perhaps they are behind on their taxes or lost their job and need to sell to try to catch up. Maybe they have large medical bills from an accident or illness and need to start over with something less expensive in order to work in that bill. Often, you will find someone in the middle of a divorce who wants the house taken off their hands at the lowest possible cost so that they can end the proceedings quickly.

These are by far not the only reasons a motivated seller looks to sell their real estate property. However, as a savvy creative real estate investor, you can see what types of problems can motivate a person to sell their home and work with you on a lease purchase option. Your job as the investor is to also investigate and find out why they are motivated so that you can be clear on how well you'll be able to influence them to work with you on a creative financial option that will release them from their obligation as the homeowner, allow you to invest for hardly any money up front, and get a tenant buyer into the house quickly so that you help another individual get a fresh start while you begin profiting.

One of the most cost effective cities to live in is Mesa, Arizona. It is one of the largest cities in Arizona almost more than the the population of Tucson Arizona. There are many Schools, plenty of shopping, and spacious parks. Mesa is flat as its name suggest, but in the North part there plenty of resort style homes in the mountains. Wherever one may be in Mesa, there is always a quiet small town feel. The city center in mesa is lined with shops with everything from Milano’s Music Store to the multitude of antique dealers.

Mesa is a well established city with buildings that date back as far as the 1800’s. When you think of Arizona you probably think of Desert waste land, but there are plenty of established areas with green grass and even tall elm trees. New homes are prevalent in North Mesa or East Mesa. One of the most sought after master planned communities in North Mesa is Las Sendas. Las Sendas maintains a desert feel surrounded by nature preserves and mountains. East Mesa has developed such golf communities like Augusta Ranch. Are you are looking for affordable housing with the amenities of a luxury community? Well Augusta Ranch is the place for you. The Us 60 highway is just minutes away. Shopping and the new movie theatre is only a mile away.

Mesa has had some of the highest climbs in population in all of the nation’s biggest cities. Many people attribute the growing population to the affordable expenses of housing and of doing business, the great weather, and the many job opportunities. Residences enjoy a high quality of life at an affordable price.

The history of the town is mostly farm based. Many settlers moved to Mesa with the rumor that “gold” could grow on plants. Well the “gold” was really cotton and it made many families rich during the war when cotton was in high demand. Mesa is now one of the top 50 largest cities out of all the cities in the United States.

The entire city is about 120 miles square. It is just 15 minutes east of Phoenix and very close to Sky Harbor Airport. Winter weather is ideal with warm temperatures in the afternoon and only a rare occasion does it get below freezing. Low humidity and over 300 days of sunshine attract residents from all over the world. If you are looking to buy a winter home in Arizona, contact a local agent. He or she will be able to help you find a house that fits your needs at no cost out of your pocket.